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Fiat Leads Market Lower

Updated Oct. 14, 1996 12:45 p.m. ET

MILAN -- Shares fell Monday, hurt by losses for Fiat , but rebounded from their lows, helped by a strong opening on Wall Street and confirmation that Italy's leftists will back the government's 1997 budget.

The MIBtel index fell 40 to 9802 after dropping 60 Friday, while the MIB-30 blue-chip index fell 52 to 14758.